Common use of Amounts; Outside Expiration Date Clause in Contracts

Amounts; Outside Expiration Date. The Agent shall not have any obligation to take steps to cause to be issued any Letter of Credit at any time: (1) if the maximum undrawn amount of the requested Letter of Credit is greater than the Unused Letter of Credit Subfacility at such time; (2) if the maximum undrawn amount of the requested Letter of Credit and all commissions, fees, and charges due from the applicable Borrower in connection with the opening thereof, exceed Availability at such time; or (3) which has an expiration date later than the Stated Termination Date or more than one (1) year from the date of issuance.

Appears in 1 contract

Samples: Loan and Security Agreement (Laclede Steel Co /De/)

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Amounts; Outside Expiration Date. The Agent shall not have any obligation to take steps to cause to be issued any Letter of Credit at any time: (1i) if the maximum undrawn amount of the requested Letter of Credit is greater than the Unused Letter of Credit Subfacility at such time; (2ii) if the maximum undrawn amount of the requested Letter of Credit and all commissions, fees, and charges due from the applicable Borrower in connection with the opening thereof, thereof exceed the Revolving Availability of the Borrower at such time; or (3iii) which has an expiration date later than the Stated Termination Date or more than one twelve (112) year months from the date of issuanceissuance (except with respect to stand-by Letters of Credit which automatically renew each year).

Appears in 1 contract

Samples: Loan and Security Agreement (LDM Technologies Inc)

Amounts; Outside Expiration Date. The Agent shall not have any obligation to take steps to cause to be issued any Letter of Credit at or to provide Credit Support for any time: (1) if the maximum undrawn amount of the requested Letter of Credit is greater than the Unused Letter of Credit Subfacility at such time; any time if: (2i) if the maximum undrawn amount of the requested Letter of Credit and all commissions, fees, and charges due from the applicable Borrower in connection with the opening thereof, exceed Availability is greater than the Unused Letter of Credit Subfacility at such time; or (3ii) which such Letter of Credit has an expiration date later than thirty (30) days prior to the Stated Termination Date or more than one twelve (112) year months from the date of issuance.

Appears in 1 contract

Samples: Loan and Security Agreement (Manhattan Bagel Co Inc)

Amounts; Outside Expiration Date. The Agent shall not have any obligation to take steps to issue or cause to be issued any Letter of Credit or Credit Support at any timetime if: (1i) if the maximum undrawn face amount of the requested Letter of Credit or Credit Support is greater than the Unused Letter of Credit Subfacility at such time; (2ii) if the maximum undrawn amount of the requested Letter of Credit or Credit Support and all commissions, fees, and charges due from the applicable such Borrower in connection with the opening thereof, thereof would exceed the Availability at such time; or (3iii) which such Letter of Credit or Credit Support has an expiration date later than the Stated Termination Date or more than one (1) year from the date of issuance.thirty

Appears in 1 contract

Samples: Credit Agreement (Daisytek International Corporation /De/)

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Amounts; Outside Expiration Date. The Agent shall not have any obligation to take steps to cause to be issued any Letter of Credit or to provide Credit Support for any Letter of Credit at any timetime if: (1) if the maximum undrawn amount of the requested Letter of Credit is greater than the Unused Letter of Credit Subfacility at such time; (2) if the maximum undrawn amount of the requested Letter of Credit and all commissions, fees, and charges due from would exceed the applicable Availability of the Borrower in connection with the opening thereof, exceed Availability at such time; or (3) which any standby Letter of Credit has an expiration date later than the Stated Termination Date or more than one twelve (112) year months from the date of issuance.

Appears in 1 contract

Samples: Loan and Security Agreement (Merisel Inc /De/)

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